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Democracy, Property Rights, Income Equality, and Corruption
Dong, Bin; Torgler, Benno - Fondazione ENI Enrico Mattei (FEEM) - 2011
This paper presents theoretical and empirical evidence on the nexus between corruption and democracy. We establish a … political economy model where the effect of democracy on corruption is conditional on income distribution and property rights … equality which shows that corruption is a nonlinear function of these variables. The results indicate that democracy will work …
Persistent link: https://www.econbiz.de/10008828379
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The Missing Shock: The Macroeconomic Impact of British Privatisation
Florio, Massimo; Grasseni, Mara - Fondazione ENI Enrico Mattei (FEEM) - 2004
The privatisation policy pursued in the UK by Mrs Thatcher's government (1979-1990) and subsequently by Mr Major's government (1990-1997) was the largest experiment in public divestitures among capitalist economies. It had a deep impact on economic policy-making world wide, and was vastly...
Persistent link: https://www.econbiz.de/10005423235
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The Political Economy of Privatization: Why Do Governments Want Reforms?
Boerner, Kira - Fondazione ENI Enrico Mattei (FEEM) - 2004
International organizations promote privatization as precondition for economic development. But is there really too little privatization? This political economy model asks for the incentives of governments to privatize or restructure a state-owned firm. Different government types are compared to...
Persistent link: https://www.econbiz.de/10005570355
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An Evaluation of Overseas Oil Investment Projects under Uncertainty Using a Real Options Based Simulation Model
Zhu, Lei; Zhang, ZhongXiang; Fan, Ying - Fondazione ENI Enrico Mattei (FEEM) - 2011
This paper applies real options theory to establish an overseas oil investment evaluation model that is based on Monte Carlo simulation and is solved by the Least Squares Monte-Carlo method. To better reflect the reality of overseas oil investment, our model has incorporated not only the...
Persistent link: https://www.econbiz.de/10009421246
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The Effect of Fair Trade Affiliation on Child Schooling: Evidence from a Sample of Chilean Honey Producers
Becchetti, Leonardo; Castriota, Stefano; Michetti, Melania - Fondazione ENI Enrico Mattei (FEEM) - 2012
We evaluate the impact of fair trade (FT) affiliation on child schooling within a sample of Chilean honey producers with a retrospective panel data approach. From a theoretical point of view we argue that FT should have a positive effect on child schooling since it generates a short run pure...
Persistent link: https://www.econbiz.de/10010584501
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Endogenous Price Mechanisms,Capture and Accountability Rules: Theory and Evidence
Guerriero, Carmine - Fondazione ENI Enrico Mattei (FEEM) - 2006
This paper analyzes the constitutional determinants of cost reimbursement rules. In order to design the optimal incentive schemes, a possibly partisan planner will take into account the market cost structure, the institutional design of the supervision hierarchical structure and its technology....
Persistent link: https://www.econbiz.de/10005385490
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The Consequences of Corruption: Evidence from China
Dong, Bin; Torgler, Benno - Fondazione ENI Enrico Mattei (FEEM) - 2010
With complementary Chinese data sets and alternative corruption measures, we explore the consequences of corruption. Adopting a novel approach we provide evidence that corruption can have both, positive and negative effects, on economic development. The overall impact of corruption might be the...
Persistent link: https://www.econbiz.de/10008465524
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The Effect of Allowance Allocations on Cap-and-Trade System Performance
Hahn, Robert W.; Stavins, Robert N. - Fondazione ENI Enrico Mattei (FEEM) - 2010
We examine an implication of the “Coase Theorem” which has had an important impact both on environmental economics and on public policy in the environmental domain. Under certain conditions, the market equilibrium in a cap-and-trade system will be cost-effective and independent of the...
Persistent link: https://www.econbiz.de/10008465529
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The Causes of Corruption: Evidence from China
Dong, Bin; Torgler, Benno - Fondazione ENI Enrico Mattei (FEEM) - 2010
In this study we explore in detail the causes of corruption in China using two different sets of data at the regional level (provinces and cities). We observe that regions with more anti-corruption efforts, histories of British rule, higher openness, more access to media and relatively higher...
Persistent link: https://www.econbiz.de/10008465545
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Trust and Fiscal Performance: A Panel Analysis with Swiss Data
Torgler, Benno; Schaltegger, Christoph A. - Fondazione ENI Enrico Mattei (FEEM) - 2005
Citizens are willing to abandon their short-term financial interest in free-riding considerably, if governments act in their interest, if procedures of the public decisions-making process are felt to be fair and if other fellow-citizens have to contribute also an adequate share to the community....
Persistent link: https://www.econbiz.de/10005423218